Bitcoin Cash Price Analysis

Bitcoin cash price recently moved above the $130 pivot level with a positive tone against the US Dollar. The BCH/USD pair even moved above the $132 resistance, opening the doors for a push towards the $135 resistance area in the near term.

The $135 resistance area is likely to act as a strong hurdle for buyers. If there is an upside break, the price could test the $140 level. On the downside, the main supports for buyers are near $130 and $128.

Stellar (XLM), EOS and Tron (TRX) Price Analysis

EOS price recovered nicely from the $3.50 support level. It recently broke the $3.55 and $3.60 resistance levels. It is currently consolidating above $3.60 and it could revisit the $3.75 resistance in the near term.

Stellar price performed nicely and gained traction above the $0.1000 resistance level. XLM price traded above the $0.1050 resistance and traded close to the $0.1100 barrier. The next key resistances are near $0.1120 and $0.1135. The main support on the downside is at $0.1000, below which it could test the $0.0920 level.

Tron price moved above the $0.0220 resistance and it is slowly gaining momentum. TRX is about to test the $0.0230 resistance, above which the next stop for buyers could be $0.0235. Sellers are likely to take a stand near the $0.0235 and $0.0240 resistance levels.

Looking at the total cryptocurrency market cap hourly chart, there was a decent rebound from the $127.0B support level. However, the market cap is facing a strong resistance near the $129.0B and $130.0B levels. A successful close above the $130.0B level could open the doors for a solid rally in the crypto market in the near term. On the other hand, if there is a downside correction, the $127.0B and $126.5B levels might act a supports. The main support is near the $125.0B level. In the short term, there could be more sideways movements in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins in the near term before the next move.